NEWS: Disney Announces Board of Directors Suddenly Reduced from 12 Members to 11

There are hundreds of thousands of people who work for The Walt Disney Company in one way or another.

©Disney

Some work as Imagineers or in Disney’s theme parks. Others, however, are part of the company’s Board of Directors, or otherwise involved in the core of the company. However, Disney has just announced that one of their Board of Directors is leaving the company after 6 years.

Today, The Walt Disney Company announced the departure of Safra A. Catz, the Chief Executive Officer of Oracle Corp., who has left the Board of Directors after six years. This now means the Board of Directors now has 11 members instead of 12.

©Disney

Bob Iger, CEO of Disney, said the following about her departure:

“Throughout her tenure on Disney’s Board of Directors, Safra has provided invaluable insight that has helped shape the company’s long-term strategic planning amid a rapidly changing technological landscape that affects our businesses. Her contributions have been tremendous, and on behalf of The Walt Disney Company, I want to personally thank Safra for her years of service.”

©Disney

Regarding her departure from the company, Catz said that she has “been honored to serve on Disney’s Board” and is “especially proud of the work we’ve done to fortify the company’s unparalleled strengths and continue its rich legacy of innovation.” She continued on, expressing her gratefulness for the opportunity to serve on the board and wished the company and its employees “every success in the future.”

The Walt Disney Company headquarters in California

It’s unclear right now what this means for the Walt Disney Company, but it is safe to assume it’s likely someone will be brought on to fill the position sooner rather than later. We’ll be sure to keep you updated on the latest news we hear coming out of The Walt Disney Company, so stay tuned to DFB.

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